Kraft Heinz Co. withdrew its $143 billion bid for Unilever on Sunday after the Unilever CEO warned against the deal. “Unilever and Kraft Heinz hold each other in high regard,” the two companies said in a joint news release.“Kraft Heinz has the utmost respect for the culture, strategy and leadership of Unilever.” The Wall Street Journal reported that Unilever CEO Paul Polman warned investors and board members that a culture of cost-cutting at Kraft could damage Unilever’s brands. Polman…
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